Reliq Health Technologies, Inc. Announces Five New US Contracts and New Clinical Trial Go-Live
Reliq Health Technologies Inc. (OTC:RQHTF) announced the signing of five new contracts with healthcare providers in California, Texas, Michigan, and Maryland, expected to add over 2,500 patients to its iUGO Care platform this year. The company highlighted its competitive advantage through the platform's ability to connect with various devices. Reliq's iUGO Care supports high-quality virtual care, improving patient outcomes while reducing care costs. Each new patient is projected to contribute an average revenue of $50 per month at a 75% gross margin.
- Signed five new contracts with healthcare providers, adding over 2,500 patients.
- Each patient expected to generate an average revenue of $50 per month.
- iUGO Care platform's compatibility with various devices enhances competitive advantage.
- New clinical trial focused on diabetes care utilizing iUGO Care and iUGO Voice.
- None.
HAMILTON, Ontario, June 09, 2022 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed five new contracts with physician practices and home health agencies that are expected to add over 2,500 patients in California, Texas, Michigan and Maryland to Reliq’s platform this year. The Company also announced that its iUGO Care platform is now being used in a new clinical trial.
“We are very pleased to be going live in another clinical trial, this one for diabetics using both standard glucometers and continuous blood glucose monitors,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “The ability of the iUGO Care platform to connect to a wide range of connected devices is a key competitive advantage for Reliq in the virtual care and clinical trials markets. The diabetes clinical trial will also be utilising iUGO Voice, Reliq’s interactive voice recognition technology, to facilitate patient follow up. We are also excited to announce that we have signed five new contracts with healthcare providers in California, Texas, Maryland and Michigan. These clients are expected to add over 2,500 patients to our platform in 2022, at an average revenue of
Reliq Health
Reliq Health Technologies is a rapidly growing global healthcare technology company that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq’s powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT, on the OTC as RQHTF and on the WKN as A2AJTB.
ON BEHALF OF THE BOARD
“Dr. Lisa Crossley”
CEO and Director
For further information please contact:
Company Contact
Investor Relations at ir@reliqhealth.com
US Investor Relations Contact
Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
646-829-9701
shamsian@lythampartners.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".
We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Reliq Health Technologies Inc. (the "Company") does not intend and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE: Reliq Health Technologies Inc.
FAQ
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